Zumiez Now Anticipates FY23 EPS Near Low End Of $0.24-$0.34 Range And Sales Near Low End Of $275M-$281M Range
Portfolio Pulse from Benzinga Newsdesk
Zumiez Inc. has updated its FY23 earnings per share (EPS) and sales guidance, now expecting both to be near the lower end of its previously stated ranges. The company anticipates EPS to be close to the low end of the $0.24-$0.34 range and sales to be near the low end of the $275M-$281M range.
January 08, 2024 | 9:08 pm
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Zumiez Inc. has signaled that its FY23 financial performance may not meet the higher expectations, with both EPS and sales figures expected to be at the lower end of its forecasted ranges.
The announcement by Zumiez Inc. regarding its FY23 EPS and sales being near the lower end of the expected ranges suggests a less optimistic financial outlook than previously communicated. This type of guidance update typically leads to negative investor sentiment in the short term, as it indicates that the company may not be performing as well as hoped. Consequently, this news is likely to put downward pressure on Zumiez's stock price in the short term.
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IMPORTANCE 90
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